February American Silver Eagles Strong, Gold Eagles Abyssmal

[Smaulgld]

Silver Eagle sales were very strong in February. American Gold Eagle sales were just 12,500 the lowest since 2007.

For Jan-Feb Silver Eagle sales are ahead of last year's record pace. Gold sales are off to their worse start since 2008.

Suspect one reason: there is no anti silver hysteria like there is for gold.

https://smaulgld.com/silver-gold-sal...february-2015/

[devil21]

Gold is expensive. Not a lot of people have $1300+ sitting around idly to exchange for a GAE.

[Smaulgld]

Gold is expensive. Not a lot of people have $1300+ sitting around idly to exchange for a GAE.

agree
what is interesting is they used to if you look at the sales chart.

[oyarde]

agree
what is interesting is they used to if you look at the sales chart.

The market for people who had it and wanted it did.At my local place , any small gold ( 1/4 once or less ) and Silver Eagles still sell out about same day .

[Smaulgld]

The market for people who had it and wanted it did.At my local place , any small gold ( 1/4 once or less ) and Silver Eagles still sell out about same day .

The 1/10 ounce at the US mint still sell ok but there were no sales of 1/4 or 1/2 oz gold eagles sold in Feb. They did sell an equal # of 24K gold buffalo coins in Feb

[TommyJeff]

Silver Eagle sales were very strong in February. American Gold Eagle sales were just 12,500 the lowest since 2007.

For Jan-Feb Silver Eagle sales are ahead of last year's record pace. Gold sales are off to their worse start since 2008.

Suspect one reason: there is no anti silver hysteria like there is for gold.

https://smaulgld.com/silver-gold-sal...february-2015/

are these numbers showing sales by the govt or individual people?

[Smaulgld]

are these numbers showing sales by the govt or individual people?

They are the total sales of the US Mint to their authorized dealers

[Tod]

Yeah, I sure can't afford gold, and if I could scrape together enough, it would probably be harder to find someone to sell it to, if I needed to do that in a hurry due to financial pinch.

[Smaulgld]

Yeah, I sure can't afford gold, and if I could scrape together enough, it would probably be harder to find someone to sell it to, if I needed to do that in a hurry due to financial pinch.

That is definitely true, but was also true three years ago when the price of gold was higher. The mint also makes fractional gold eagles, but those sale are down too. Sales in total ounces of gold were much higher when the price was higher. Perhaps people see the low silver price as a bargain and the low gold price as a message to stay away?

[PRB]

gold costs more than platinum again.

[Smaulgld]

gold costs more than platinum again.

Yep, Here is the latest gold platinum ratio. You can track it daily here:
https://smaulgld.com/gold-vs-platinum-price/

[Peter4Paul2016]

Gold hovering @ $1200 - still low. And smart Americans are buying up gold right now. Many may not have money on hand, but invest through gold IRA rollovers/ transfer a portion of their 401k to gold backed self directed IRAs.

Gold Silver & Platinum Real-Time Prices

[Smaulgld]

The Trend Continues
First day of March US Mint sales 320,000 silver eagles 500 gold eagles

[DFF]

Suspect one reason: there is no anti silver hysteria like there is for gold.

Another reason is the strong dollar and low oil. The inflation trade has gone out the window. But it will be back.

[Smaulgld]

Another reason is the strong dollar and low oil. The inflation trade has gone out the window. But it will be back.

True but why are silver sale as strong as ever?

[DFF]

True but why are silver sale as strong as ever?

Probably because silver is incredibly cheap right now, and most folks can't afford gold.

[Smaulgld]

Probably because silver is incredibly cheap right now, and most folks can't afford gold.

True but gold was more expensive three years ago and plenty of the gold eagles were sold

[oyarde]

[QUOTE=Smaulgld;5801259]True but gold was more expensive three years ago and plenty of the gold eagles were sold[/QUOTE ] People stacking denominations that large , I would surmise , are people with great wealth to protect and smart enough to do so .Market on that dries up pretty quick because it is a very , very small percentage of the population .People like me , want the smallest denominations , in case I ever need to use it.Truth be , if there is ever a real currency crisis , there is nothing I could need , outside of a medical emergency that would require even so much as a silver dollar , much less a small gold pc .